Cassaday & Co Wealth Management LLC Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Cassaday & Co Wealth Management LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,607 shares of the company’s stock after selling 445 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Mondelez International were worth $395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International in the third quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International in the fourth quarter worth $27,000. Richardson Financial Services Inc. raised its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International during the 4th quarter valued at $32,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of a number of analyst reports. UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus cut their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Company cut their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Up 4.1 %

MDLZ stock opened at $64.70 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market capitalization of $83.69 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.32 and a beta of 0.54. The business has a fifty day moving average price of $58.98 and a 200-day moving average price of $65.91.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.